BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. decreased its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 6.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 205,630 shares of the company’s stock after selling 14,885 shares during the quarter. BJ’s Wholesale Club accounts for approximately 1.4% of Valley Wealth Managers Inc.’s portfolio, making the stock its 28th largest holding. Valley Wealth Managers Inc. owned 0.15% of BJ’s Wholesale Club worth $18,063,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Putnam Investments LLC grew its stake in BJ’s Wholesale Club by 4.3% in the 4th quarter. Putnam Investments LLC now owns 3,647,981 shares of the company’s stock valued at $243,174,000 after acquiring an additional 150,414 shares during the period. Bessemer Group Inc. grew its stake in BJ’s Wholesale Club by 1.8% in the 1st quarter. Bessemer Group Inc. now owns 3,118,913 shares of the company’s stock valued at $235,946,000 after acquiring an additional 56,442 shares during the period. Fiduciary Management Inc. WI grew its stake in BJ’s Wholesale Club by 17.6% in the 4th quarter. Fiduciary Management Inc. WI now owns 2,514,630 shares of the company’s stock valued at $167,625,000 after acquiring an additional 377,019 shares during the period. Principal Financial Group Inc. grew its stake in BJ’s Wholesale Club by 17.2% in the 2nd quarter. Principal Financial Group Inc. now owns 1,624,781 shares of the company’s stock valued at $142,721,000 after acquiring an additional 237,902 shares during the period. Finally, Norges Bank acquired a new stake in BJ’s Wholesale Club in the 4th quarter valued at $81,646,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BJ shares. JPMorgan Chase & Co. raised shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $76.00 to $78.00 in a research note on Monday, August 26th. UBS Group raised their price objective on BJ’s Wholesale Club from $89.00 to $97.00 and gave the company a “buy” rating in a report on Friday, May 24th. Loop Capital raised their price objective on BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, July 11th. Bank of America decreased their price objective on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. Finally, Robert W. Baird raised their price objective on BJ’s Wholesale Club from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Friday, May 24th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.07.

BJ’s Wholesale Club Stock Up 2.9 %

NYSE BJ opened at $80.80 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $63.08 and a 52 week high of $92.37. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. The business’s fifty day simple moving average is $85.18 and its 200-day simple moving average is $81.61. The firm has a market cap of $10.72 billion, a PE ratio of 20.99, a P/E/G ratio of 2.84 and a beta of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.00 by $0.09. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The business had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.15 billion. During the same quarter in the previous year, the firm earned $0.97 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, equities analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.84 earnings per share for the current year.

Insider Transactions at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total value of $873,400.00. Following the sale, the chief executive officer now directly owns 445,792 shares in the company, valued at approximately $35,395,884.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total value of $873,400.00. Following the sale, the chief executive officer now directly owns 445,792 shares in the company, valued at approximately $35,395,884.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Graham Luce sold 16,596 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $91.15, for a total transaction of $1,512,725.40. Following the completion of the sale, the executive vice president now owns 14,131 shares in the company, valued at $1,288,040.65. The disclosure for this sale can be found here. Insiders have sold a total of 79,438 shares of company stock worth $6,980,938 in the last quarter. Company insiders own 2.00% of the company’s stock.

About BJ’s Wholesale Club

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides groceries, general merchandise, gasoline and other ancillary services, coupon books, and promotions. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.